Lowe’s closing underperforming stores

Ellis Copeland |Monday, November 05, 2018

Customers walk toward a Lowe's store in Hialeah Fla

Home improvement retailer Lowe's announced Monday it will close underperforming stores in the US and Canada as part of a reorganization. The company said that a "majority" of the shuttered stores are within 10 miles of another Lowe's location.

To facilitate an orderly wind-down, the company intends to conduct store closing sales for most of the impacted locations with the exception of select stores in the USA, which will close immediately.

Lowe's, which operates over 2,000 stores in North America, said the latest store closures would be complete by February.

Twenty stores in the United States and 31 in Canada will no longer be in service.

Lowe's CEO Marvin Ellison said in a statement Monday that the company is "making every effort to transition impacted associates to nearby Lowe's stores".

Kershaw stays with Dodgers for $93M, 3-year deal
But Kershaw indicated that he had little interest in uprooting his family out of its in-season home or inking a longer contract. BRAVES: The Braves did not extend a qualifying offer to any of their free agents, including cleanup hitter Nick Markakis.

The expected financial impact of today's announcement of $0.28 to $0.34 per diluted share was not contemplated in the business outlook for fiscal 2018 which the company provided on August 22 when it released its second quarter earnings. Its next earnings report is on November 20.

Ellison has also initiated some major shakeups in the company's executive leadership ranks.

Lowe's also plans to close its regional support centres in Mississauga, Ont., and St. John's, N.L., as well as a truss plant in St. John's, N.L., and a block plant in Kamloops, B.C.

Relief for England as Owen Farrell escapes action over tackle
Pollard had a chance to win it from the tee in a tense finale, but the fly-half was unable to edge South Africa back in front. They are the benchmark for world rugby; the team you want to play against. "So we'll just have to try and practice that".

U.S. sanctions on Iran, 'toughest ever,' take force Monday
Exports to India concurrently dropped, according to Bloomberg, while China, Tehran's biggest oil buyer, has not cut purchases. Embassy in Tehran, Iran on Sunday to mark the 39th anniversary of the seizure of the embassy by militant students.